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Billionaires Bill Gates, Eric Schmidt, and Reid Hoffman Joined Will.i.am, Nvidia, and Microsoft in the Second-Biggest AI Start-up Funding of 2023Facebook announced the acquisition of CTRL-labs on Monday, for an undisclosed sum. A report in Bloomberg said Facebook paid somewhere between $500 million and $1 billion for the company, citing anonymous sources.
“The vision for this work is a wristband that lets people control their devices as a natural extension of movement,” Facebook executive Andrew Bosworth wrote in a blog post announcing the deal.
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